General Insurance Terms and Conditions

General Insurance Terms and Conditions are the terms and conditions applied by insurance undertakings to their customers when concluding insurance policies. They take the form of master arrangements, which are drawn up by the insurance undertaking as the legal basis for insurance policies, which do not, however, take individual circumstances into consideration. The General Insurance Terms and Conditions specify the rights and obligations of the contracting parties as well as, in particular, the extent of the insurance coverage in standardised terms. Since 1994, they no longer require the insurance supervisory authority’s approval.